Scalper1 News
Just weeks after completing the purchase of Travelocity, online travel service Expedia (EXPE) said it is also acquiring rival Orbitz Worldwide (OWW) for an enterprise value of $1.6 billion, or $12 a share in cash. Shares of Hotels.com and Hotwire operator Expedia rose 12.8% to 88.23 in the stock market today. Shares of Orbitz, which operates CheapTickets and HotelClub, surged 20.8% to 11.63. Both companies’ boards of directors have approved the Scalper1 News
Scalper1 News